Team's last out for a drink (3)
I believe the answer is:
tea
'a drink' is the definition.
(tea is a kind of drink)
'team's last out' is the wordplay.
'last out' means to remove the last letter (I've seen 'last out of' mean this).
'team' with its final letter taken away is 'TEA'.
'for' is the link.
(Other definitions for tea that I've seen before include "Light afternoon repast" , "Dried leaf infusion" , "brewer's product" , "tips for the cup?" , "Food" .)